Two-Unit Duplex with
New
For Sale
$379,000
529 Alta Vista Ln, Hendersonville, NC 28791
Each residence includes two bedrooms, two bathrooms, storage, and a dedicated laundry area.
Property Size2,463 SF
Price / SF$153.88
Days on Market7
Property Features for 529 Alta Vista Ln
General Information
Standard status
Active
Size
2,463 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Building Details
Buildings
1
Listing Agency:
Keller Williams Mtn Partners, LLC
(828) 290-1000
Listed By:
Sara McCord
(828) 702-0529
Source:
Exprealty
Added: Sep 10
Changed: Sep 15
Last Checked: Sep 15 at 2:40PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Mtn Partners, LLC
Investment Insights
Based on property information with market context.
This duplex includes two separate residences, each configured with two bedrooms and two bathrooms. Both units provide storage and dedicated laundry areas, with washers and dryers included. Gas log fireplaces serve each living area. The upper residence features hardwood flooring, while the lower unit has newer carpeting. Stainless steel appliances and a large island add functionality to the kitchen.
The property is located near downtown Hendersonville in a residential setting. Together, the two units offer a consistent layout while retaining distinct interior finishes and features.
The property is located near downtown Hendersonville in a residential setting. Together, the two units offer a consistent layout while retaining distinct interior finishes and features.
Key Highlights
- Two residences, each with 2 bedrooms and 2 bathrooms
- Gas log fireplace in each unit
- Upper unit features hardwood flooring throughout
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,127
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.84%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$442,540
$442.5K
Cap Rate 7%
$316,100
$316.1K
Cap Rate 9%
$245,856
$245.9K
Market Conditions
NOI Build-Up for 2,463 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$36.9K $15.00/SF
− Vacancy
−$5.3K −$2.17/SF
EGI
$31.6K $12.83/SF
− OpEx
−$9.5K −$3.85/SF
NOI
$22.1K $8.98/SF
Area
Henderson County, NC
Vacancy
14.44%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$442,540
Cap Rate 7%
$316,100
Cap Rate 9%
$245,856
Alternative Uses
Best Use
Multifamily LT 5
$316.1K
$276.6K – $368.8K
NOI $22,127 @ 7.0% cap · market cap 5.84%
Second Best
Apartment 5plus
$279.6K
$244.7K – $326.3K
NOI $19,575 @ 7.0% cap · market cap 5.16%
Theoretical Best
Office A
$820.8K
$718.2K – $957.6K
NOI $57,457 @ 7.0% cap · market cap 15.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,428
Businesses Nearby
Explore this area
Business Placement
Demographics for 28791, NC
14,899
Population
7,268
Households
2
Avg Household Size
52
Median Age
45%
College-Educated
94%
High-School Grad
16.7 sq mi
ZIP Area
892
Density / Sq Mi
$78,179
Median Household Income
$40,049
Median Earnings
$1,182
Median Rent
$352,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes two bedrooms, two bathrooms, storage, and a dedicated laundry area.
Where is this duplex located?
The property is located at 529 Alta Vista Ln Hendersonville, NC.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 2 bathrooms; Gas log fireplace in each unit; Upper unit features hardwood flooring throughout
